Journey Energy Balance Sheet Health
Financial Health criteria checks 3/6
Journey Energy has a total shareholder equity of CA$322.0M and total debt of CA$60.0M, which brings its debt-to-equity ratio to 18.6%. Its total assets and total liabilities are CA$592.3M and CA$270.3M respectively. Journey Energy's EBIT is CA$15.6M making its interest coverage ratio 1.9. It has cash and short-term investments of CA$14.0M.
Key information
18.6%
Debt to equity ratio
CA$60.05m
Debt
| Interest coverage ratio | 1.9x |
| Cash | CA$14.02m |
| Equity | CA$322.01m |
| Total liabilities | CA$270.29m |
| Total assets | CA$592.29m |
Recent financial health updates
Here's Why Journey Energy (TSE:JOY) Is Weighed Down By Its Debt Load
Dec 17
Does Journey Energy (TSE:JOY) Have A Healthy Balance Sheet?
Sep 09Does Journey Energy (TSE:JOY) Have A Healthy Balance Sheet?
Jan 06Is Journey Energy (TSE:JOY) A Risky Investment?
Aug 11Recent updates
Here's Why Journey Energy (TSE:JOY) Is Weighed Down By Its Debt Load
Dec 17A Piece Of The Puzzle Missing From Journey Energy Inc.'s (TSE:JOY) Share Price
Oct 30Does Journey Energy (TSE:JOY) Have A Healthy Balance Sheet?
Sep 09Estimating The Fair Value Of Journey Energy Inc. (TSE:JOY)
May 21Journey Energy Inc.'s (TSE:JOY) Shares Leap 27% Yet They're Still Not Telling The Full Story
Apr 26Weak Statutory Earnings May Not Tell The Whole Story For Journey Energy (TSE:JOY)
Mar 19We Like These Underlying Return On Capital Trends At Journey Energy (TSE:JOY)
Feb 06We Ran A Stock Scan For Earnings Growth And Journey Energy (TSE:JOY) Passed With Ease
Dec 20Journey Energy's (TSE:JOY) Returns On Capital Are Heading Higher
Jul 25Returns Are Gaining Momentum At Journey Energy (TSE:JOY)
Mar 30Does Journey Energy (TSE:JOY) Have A Healthy Balance Sheet?
Jan 06Is Journey Energy (TSE:JOY) A Risky Investment?
Aug 11Journey Energy (TSE:JOY) Is Finding It Tricky To Allocate Its Capital
Jul 12Is Now The Time To Put Journey Energy (TSE:JOY) On Your Watchlist?
Jun 15Journey Energy's (TSE:JOY) Solid Profits Have Weak Fundamentals
Aug 17Financial Position Analysis
Short Term Liabilities: JOY's short term assets (CA$48.8M) do not cover its short term liabilities (CA$75.5M).
Long Term Liabilities: JOY's short term assets (CA$48.8M) do not cover its long term liabilities (CA$194.8M).
Debt to Equity History and Analysis
Debt Level: JOY's net debt to equity ratio (14.3%) is considered satisfactory.
Reducing Debt: JOY's debt to equity ratio has reduced from 291.9% to 18.6% over the past 5 years.
Debt Coverage: JOY's debt is well covered by operating cash flow (89.6%).
Interest Coverage: JOY's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:41 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Journey Energy Inc. is covered by 12 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Trevor Reynolds | Acumen Capital Finance Partners Limited |
| Thomas Matthews | ATB Capital Markets |
| Patrick O'Rourke | ATB Capital Markets |